Sears
Sear Holdings, which is the owner of both Kmart and the namesake store, announced it will shut down around 89 locations by March. The entire list of these closing stores has shown that it will happen across the country, although the states that are impacted the most happen to be Florida and Texas. There are seven locations closing down in each of these states.
Vera Bradley
Vera Bradley seems to be rethinking its strategy. First, it is putting attention not on its brick-and-mortar stores but on licensing. The brand is planning to sell its home products using other retail chains like Macy’s and Bed Bath and Beyond instead. When it comes to full-line stores, the company will be closing as much as 50 locations, nearly half of its overall stores, by 2021. This is when many of the leases are due to expire. However, customers can still visit the remaining 52 factory outlets of the store.